Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.17B |
| 2 |
Netflix
NFLX
|
+$753M |
| 3 |
JPMorgan International Research Enhanced Equity ETF
JIRE
|
+$749M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$662M |
| 5 |
Walmart Inc
WMT
|
+$405M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.08B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$426M |
| 3 |
Meta Platforms (Facebook)
META
|
+$372M |
| 4 |
TSMC
TSM
|
+$331M |
| 5 |
Pinduoduo
PDD
|
+$319M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.7% |
| 2 | Consumer Discretionary | 0.84% |
| 3 | Communication Services | 0.67% |
| 4 | Financials | 0.66% |
| 5 | Healthcare | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2226
PUT
Ormat Technologies
ORA
$6.98B
| $19.7M | ﹤0.01% |
178,400
-287,700
| -62% | -$31.5M |
|
|
STUB
2227
CALL
StubHub Holdings
STUB
$2.88B
| $19.7M | ﹤0.01% |
1,455,000
+1,229,900
| +546% | +$19.3M |
|
2228
CALL
Entergy
ETR
$49.9B
| $19.7M | ﹤0.01% |
212,700
-13,100
| -6% | -$1.24M |
|
2229
CALL
iShares MSCI USA Momentum Factor ETF
MTUM
$26.1B
| $19.6M | ﹤0.01% |
78,500
-95,100
| -55% | -$23.9M |
|
2230
CALL
Bath & Body Works
BBWI
$3.76B
| $19.6M | ﹤0.01% |
978,500
+208,100
| +27% | +$4.59M |
|
2231
CALL
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$55.5B
| $19.6M | ﹤0.01% |
183,900
+57,600
| +46% | +$6.11M |
|
2232
CALL
Conagra Brands
CAG
$7.39B
| $19.6M | ﹤0.01% |
1,132,500
-97,300
| -8% | -$1.73M |
|
|
EMBJ
2233
CALL
Embraer S.A. ADS
EMBJ
$13.2B
| $19.6M | ﹤0.01% |
304,500
-277,600
| -48% | -$17.4M |
|
2234
CALL
Sony
SONY
$138B
| $19.6M | ﹤0.01% |
765,600
+275,300
| +56% | +$7.73M |
|
|
GRMN
2235
CALL
Garmin
GRMN
$60.2B
| $19.6M | ﹤0.01% |
96,600
-62,900
| -39% | -$13.7M |
|
2236
PUT
Sprott Uranium Miners ETF
URNM
$2B
| $19.6M | ﹤0.01% |
356,700
+162,300
| +83% | +$9.38M |
|
2237
Fidelity High Dividend ETF
FDVV
$10.5B
| $19.6M | ﹤0.01% |
345,144
-321,371
| -48% | -$18.1M |
|
2238
PUT
Sibanye-Stillwater
SBSW
$7.42B
| $19.6M | ﹤0.01% |
1,372,000
+167,800
| +14% | +$2.03M |
|
2239
CALL
Valaris
VAL
$5.91B
| $19.6M | ﹤0.01% |
387,900
-93,700
| -19% | -$5.03M |
|
2240
PUT
Alpha Metallurgical Resources
AMR
$1.97B
| $19.5M | ﹤0.01% |
97,800
-138,500
| -59% | -$23.9M |
|
2241
US Global Jets ETF
JETS
$832M
| $19.5M | ﹤0.01% |
696,288
-580,728
| -45% | -$15.1M |
|
2242
PUT
Citizens Financial Group
CFG
$31.2B
| $19.5M | ﹤0.01% |
333,700
-34,500
| -9% | -$1.85M |
|
2243
Markel Group
MKL
$22.8B
| $19.5M | ﹤0.01% |
9,065
-9,434
| -51% | -$19.1M |
|
2244
Prologis
PLD
$134B
| $19.5M | ﹤0.01% |
152,639
-17,117
| -10% | -$2.13M |
|
2245
CALL
Teladoc Health
TDOC
$1.26B
| $19.4M | ﹤0.01% |
2,778,000
+1,539,200
| +124% | +$12.1M |
|
2246
CALL
LPL Financial
LPLA
$29.5B
| $19.4M | ﹤0.01% |
54,400
-50,000
| -48% | -$17.7M |
|
2247
CALL
SSR Mining
SSRM
$6.49B
| $19.4M | ﹤0.01% |
885,200
-228,500
| -21% | -$5.09M |
|
2248
CALL
Churchill Downs
CHDN
$6.2B
| $19.4M | ﹤0.01% |
170,200
+127,000
| +294% | +$13.2M |
|
|
GTLS
2249
CALL
DELISTED
Chart Industries
GTLS
| $19.4M | ﹤0.01% |
93,900
+70,500
| +301% | +$14.3M |
|
|
RNAM
2250
DELISTED
Avidity Biosciences
RNAM
| $19.4M | ﹤0.01% |
268,393
+223,034
| +492% | +$14.4M |
|
Similar funds
Susquehanna International Group's Q4 2025 Portfolio in Review
As of Q4 2025, Susquehanna International Group held 14,094 positions worth $868B, down 0.79% from $875B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Susquehanna International Group's Q4 2025 filing shows 1,864 new, 4,890 increased, 5,380 reduced and 1,914 closed positions. Its largest new stake was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.08B.
By sector, the portfolio is most concentrated in Technology at 1.7% of assets, down from 1.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Susquehanna International Group's largest Q4 2025 buy was iShares Core MSCI Total International Stock ETF: 1,468,872 shares worth $124M.
- Susquehanna International Group added most to Invesco QQQ Trust in Q4 2025, an estimated $1.17B increase.
- Susquehanna International Group's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.08B.
- Susquehanna International Group fully exited Innovator US Equity Power Buffer ETF September in Q4 2025, selling an estimated $26.5M.
- Susquehanna International Group's ten largest holdings make up 24% of its $868B portfolio in Q4 2025.
- Susquehanna International Group opened 1,864 new positions and closed 1,914 in Q4 2025.
- Susquehanna International Group's portfolio value fell 0.79% quarter-over-quarter to $868B.
Based on Susquehanna International Group's 13F filing for Q4 2025, filed 17 Feb 2026.